Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.034%

Price spread now: Arcus against KuCoin−0.072%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1000.995% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.072%, 7d avg +0.006%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	739.65	0.0100	pay 0.0100% / 8h	7h 22m	$1.6M	$436K	20x
Short	Arcus META-USD	739.12	0.0063	get 0.0008% / 1h	22m 28s	$110K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ArcusbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$7.8
Price spread: −0.072% → +0.006%: −$7.79
Slippage, 4 orders: −$83.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$115.12
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Arcus: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	4.66 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 51 min ago	1.75 bp	7.2 bp −$7	7.8 bp −$78	16.4 bp −$1,644	doesn't fit

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	739.51	−0.019%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	739.29	−0.049%	$421K	$394K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.68	+0.004%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.39	−0.035%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.55	−0.014%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.69	+0.005%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.63	−0.003%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.072%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	−0.023%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.055%	$2.3M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.70	+0.007%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.82	+0.023%	$908	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.10	−0.074%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.44	−0.028%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.67	+0.003%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.79	+0.019%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.89	+0.032%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.55	−0.014%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.33	−0.043%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.50	−0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.108%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.56	−0.012%	$2.2M	$14.2M	10x	as long as short
Arcus META-USDshort	+0.0063%	1h	739.12	−0.072%	$110K	$331K	10x
Paradex META-USD-PERP	+0.0064%	8h	739.36	−0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.27	+0.084%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	739.54	−0.015%	$33K	$105	20x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	739.65	long leg	$1.6M	$436K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.066%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.61	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.45	−0.028%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.046%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.61	−0.005%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.256%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.77	+0.016%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.049%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	0.000%	$62K	$334K	10x	as long as short